For the first time since 1998, OPEC ran a collective budget deficit last year.

The U.S. fracking industry held its own against plunging crude prices, and now it’s ready to start growing again.

Global supply disruptions hit a 5-year high last month, but thanks to shale oil prices only spiked $5 per barrel.

American oil exports grew seven-fold during the first three months of this year.

Battling surging Iranian output, Saudi Arabia is cutting its crude prices in Europe.

With oil just under $50 per barrel, Texas oil firms are seeing signs of new life.

Tehran’s oil output has returned to pre-sanctions levels quicker than most expected, while OPEC continues to slide into irrelevance.

Attention is once again focusing on OPEC as analysts wonder if it will limit production at its semiannual meeting next month.

Collapsing oil prices have left only the most productive tight oil rigs in operation.

The research budgets of the world’s oil majors have been gutted as a result of sustained bargain crude prices.